MERF (TSE:3168) Construction In Progress: 円0 Mil (As of Feb. 2026)


TSE:3168 MERF Inc TSE:3168
51 GF Score
Price 円1,202.00
GF Value 円576.42
Valuation Significantly Overvalued
! 4 Warning Signs
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What is MERF Construction In Progress?

MERF TSE:3168 +0.92% 51 Construction In Progress is 円0 Mil as of Feb. 2026. GuruFocus rates TSE:3168 with a GF Score™ of 51/100 and a GF Value™ of 円576.42 (Significantly Overvalued). The stock has 4 warning signs investors should review.

MERF Construction In Progress Historical Data

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The historical data trend for MERF's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MERF Construction In Progress Chart

MERF Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Construction In Progress
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MERF Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
TSE:3168
51GF Score
MERF Inc TSE:3168
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MERF Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円0 Mil mean?
MERF (TSE:3168) has a Construction In Progress of 円0 Mil as of Feb. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MERF and its competitors.
Is MERF's Construction In Progress too high?
MERF's current Construction In Progress is 円0 Mil. Overall, MERF has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MERF's Construction In Progress compare to competitors?
MERF's Construction In Progress of 円0 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MERF and its competitors. MERF's current Construction In Progress is 円0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MERF stock overvalued right now?
Based on GuruFocus' analysis, MERF (TSE:3168) is currently considered Significantly Overvalued. The stock's GF Value™ is 円576.42, compared to a current price of 円1,202.00 — trading 108.5% above its estimated fair value. The current Construction In Progress is 円0 Mil. MERF's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MERF (TSE:3168), the current Construction In Progress is 円0 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MERF (TSE:3168) Overvalued in 2026?

Based on GuruFocus' analysis, MERF stock appears to be overvalued. The current stock price of 円1,202.00 is trading 108.5% above its estimated GF Value™ of 円576.42. GuruFocus considers MERF to be Significantly Overvalued.

Key valuation signals for TSE:3168:

  • Construction In Progress: 円0 Mil
  • GF Value™: 円576.42 vs. price of 円1,202.00 (108.5% above fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the TSE:3168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MERF Business Description

Address 12-2 Nagonoe, Imizu, Toyama, JPN, 934-0031
MERF Inc is engaged in recycling non-ferrous metals, focusing on copper and copper alloys. Its business activities are divided into two main segments: the Ingot Business, which involves the manufacturing of copper alloy ingots, and the Metal Recycling Raw Materials Business, which is engaged in metal recycling. It is also involved in the manufacturing and selling of art and craft products segment.
51GF Score

Get the complete analysis for TSE:3168

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,202.00
Price
円576.42
GF Value